Required information [The following information applies to the questions displayed below. ] Trini Company set the following standard costs per unit for its single product Direct materials (30 pounds 6 $4.80 per pound) $ 144.00 Direct labor (7 hours E $14 per hour) 93.00 Variable overhead (7 hours @ $6 per hour) 42.00 Fixed overhead (7 hours 0 $9 per hour) 63.00 Standard cost per unit $ 347.00 Overhead is applied using direct labor hours. The standard overhead rate is based on a predicted activity level of 80% of the company's capacity of 67,000 units per quarter. The following additional information is available. Operating Levels 70% 80% 90% Production (in units) 46,900 53,600 60,300 Standard direct labor hours (7 DLH/unit) 323,300 375,200 422,100 Budgeted overhead (flexible budget) Fixed overhead $ 3,376,800 $ 3,376,800 $ 3,376,800 Variable overhead $ 1,969,800 $ 2,251,200 $ 2,532,600 During the current quarter, the company operated at 90% of capacity and produced 60,300 units; actual direct labor totaled 399,200 hours. Units produced were assigned the following standard costs. Direct materials (1,809,000 pounds 0 $4.80 per pound) $ 8,683,200 Direct labor (422,100 hours 0 $14 per hour) 5,909,400 Overhead (422,100 hours 0 $15 per hour) 6,331,500 Standard (budgeted) cost $ 20,924,100 Actual costs incurred during the current quarter follow. Direct materials (1,711,000 pounds 0 $6.30 per pound) $ 10,779,300 Direct labor (399,200 hours 6 $11.20 per hour) 4,471,040 Fixed overhead 2,813,700 Variable overhead 3,084,100 Actual cost $ 21,148,140 Req 3 Req 3 Volume Req 1 Req 2 Controllable . Variance Variance Compute the direct materials variance, including its price and quantity variances. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Cost per unit" answers to 2 decimal places.) Reg 3 Req 2 Req 3 Volume Req 1 Controllable Variance Variance Compute the direct labor variance, including its rate and efficiency variances. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Rate per hour" answers to 2 decimal places.) Actual Cost Standard CostCompute the overhead controllable variance. (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance.) Actual total overhead Budgeted total overhead Controllable variance Compute the overhead volume variances. (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance.) Budgeted total overhead Standard overhead applied Volume variance